What is Cryptocurrency

Q: How do I buy cryptocurrency on Fittyx?

Sign in, deposit a supported asset, then open the spot terminal. This public article cannot place an order for you.

This page is a Fittyx learning article. It explains what cryptocurrency is and how it relates to spot trading on this platform. Fittyx also supports perpetual futures, options and copy trading. Trading still requires a logged-in account.

Trade spot

What cryptocurrency is

Cryptocurrency is digital value that moves on a public network. Units are recorded on a blockchain. Bitcoin launched in 2009 and remains the best-known example. Other assets, such as those on Ethereum, use different networks and rules.

On Fittyx, you do not hold a private on-chain wallet for every trade. You hold an exchange account. Balances you see after a deposit are the platform's ledger of assets you can trade, withdraw or use in supported products.

How it differs from fiat money

Fiat money is issued by a government and usually moves through banks. Cryptocurrency is issued by a network, not by Fittyx. Transfer rules, fees and confirmation times belong to each network. Fittyx is a centralized exchange: matching happens on the platform after you sign in.

How to trade spot on Fittyx

Spot trading is buying or selling one asset against another at the price shown on the spot market. You do this in the spot terminal, not on this public page.

Create a Fittyx account and sign in.
Complete any identity checks the platform shows for your account.
Deposit a supported asset to your wallet.
Open the spot terminal and place an order.

Risk

Cryptocurrency prices can move quickly. You can lose money. This article is not investment advice and is not a mining or get-rich guide. Read the User Agreement and the Security Guide before you trade.

Frequently asked questions

What is cryptocurrency?

It is digital value recorded on a blockchain. On Fittyx you trade it through a logged-in exchange account, not by running your own node on this page.

How is cryptocurrency different from fiat money?

Fiat is issued by a government and usually moves through banks. Cryptocurrency is issued by a network. Fittyx does not issue those networks; it is a centralized exchange for supported assets.

How do I buy cryptocurrency on Fittyx?

Do I need to mine coins to use Fittyx?

No. Fittyx is not a mining pool. You deposit supported assets and trade them on the platform after you sign in.

Which products on Fittyx use cryptocurrency?

Spot, perpetual futures, options and copy trading. Each product has its own terminal and rules. Trading requires a logged-in account.

Can prices go down?

Yes. Cryptocurrency prices can move quickly and you can lose money. This page is educational and is not investment advice.